Serenity, described as a “new stock god,” said in a post on X that JPMorgan Chase significantly increased its holdings in Sivers (SIVE), with the bank’s stake rising from 0.4% last month to more than 5% this month.
According to Odaily, Serenity said they had previously emphasized to retail investors and Swedish hedge funds the importance of Sivers to the co-packaged optics (CPO) industry chain, but the market did not fully recognize this view.
Serenity added that after many retail investors were shaken out of their positions, JPMorgan increased its Sivers holdings, and the latest buying was mainly driven by institutional funds.